16,861 Shares in Par Pacific Holdings, Inc. $PARR Bought by Range Financial Group LLC

Range Financial Group LLC bought a new stake in shares of Par Pacific Holdings, Inc. (NYSE:PARR) during the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund bought 16,861 shares of the company’s stock, valued at approximately $1,376,000.

Several other hedge funds also recently modified their holdings of the stock. VIRGINIA RETIREMENT SYSTEMS ET Al purchased a new position in Par Pacific during the second quarter worth about $3,017,000. The Manufacturers Life Insurance Company grew its position in Par Pacific by 170.6% in the 1st quarter. The Manufacturers Life Insurance Company now owns 62,505 shares of the company’s stock worth $3,916,000 after purchasing an additional 39,404 shares in the last quarter. Pacer Advisors Inc. purchased a new stake in Par Pacific in the 1st quarter valued at about $16,277,000. Engineers Gate Manager LP increased its stake in Par Pacific by 93.1% in the 2nd quarter. Engineers Gate Manager LP now owns 111,477 shares of the company’s stock valued at $6,252,000 after buying an additional 53,737 shares during the last quarter. Finally, SummerHaven Investment Management LLC purchased a new stake in Par Pacific in the 3rd quarter valued at about $2,625,000. Hedge funds and other institutional investors own 92.15% of the company’s stock.

Par Pacific Price Performance

PARR opened at $85.16 on Wednesday. Par Pacific Holdings, Inc. has a fifty-two week low of $34.37 and a fifty-two week high of $90.74. The firm has a 50-day moving average of $81.59 and a 200 day moving average of $70.00. The company has a debt-to-equity ratio of 0.38, a quick ratio of 0.76 and a current ratio of 1.84. The firm has a market cap of $4.27 billion, a P/E ratio of 4.97 and a beta of 0.75.

Par Pacific (NYSE:PARR) last announced its quarterly earnings data on Tuesday, August 4th. The company reported $10.10 EPS for the quarter, topping the consensus estimate of $8.22 by $1.88. The business had revenue of $2.97 billion for the quarter, compared to analyst estimates of $2.40 billion. Par Pacific had a net margin of 9.94% and a return on equity of 56.19%. The company’s revenue for the quarter was up 56.8% on a year-over-year basis. During the same quarter in the previous year, the firm posted $1.54 earnings per share. On average, research analysts expect that Par Pacific Holdings, Inc. will post 26.56 EPS for the current year.

Insider Transactions at Par Pacific

In related news, CEO William Monteleone sold 40,000 shares of the company’s stock in a transaction that occurred on Wednesday, September 2nd. The stock was sold at an average price of $81.30, for a total value of $3,252,000.00. Following the transaction, the chief executive officer owned 457,167 shares in the company, valued at approximately $37,167,677.10. This represents a 8.05% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, insider Danielle Mattiussi sold 3,278 shares of the stock in a transaction on Friday, August 7th. The shares were sold at an average price of $67.29, for a total value of $220,576.62. Following the transaction, the insider directly owned 27,878 shares of the company’s stock, valued at approximately $1,875,910.62. This trade represents a 10.52% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders sold a total of 54,248 shares of company stock worth $4,394,057 in the last quarter. Insiders own 3.60% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities analysts have commented on PARR shares. Weiss Ratings raised shares of Par Pacific from a “buy (b-)” rating to a “buy (b)” rating in a research report on Thursday, October 8th. Zacks Research raised Par Pacific from a “hold” rating to a “strong-buy” rating in a report on Friday, September 4th. Raymond James Financial reaffirmed an “outperform” rating and issued a $117.00 target price on shares of Par Pacific in a report on Monday. Mizuho set a $91.00 price target on Par Pacific and gave the company a “neutral” rating in a research report on Thursday, October 8th. Finally, UBS Group reiterated a “neutral” rating on shares of Par Pacific in a report on Wednesday, August 26th. One equities research analyst has rated the stock with a Strong Buy rating, nine have given a Buy rating and three have given a Hold rating to the company’s stock. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus price target of $87.29.

Par Pacific Profile

Par Pacific Holdings, Inc is an energy company engaged in refining, marketing and distributing transportation fuels and other petroleum products. Its refineries process crude oil into products such as gasoline, diesel, jet fuel, marine fuels and asphalt, serving customers in western U.S. markets.

The company operates refining and related energy businesses in Hawaii, Wyoming and Washington. Its operations also include logistics assets such as storage facilities, pipelines, terminals and other infrastructure used to move and distribute crude oil and refined products.